TwentyFour Select Monthly Income Fund (LON:SMIF) Share Price Crosses Below 50 Day Moving Average – Here’s What Happened

TwentyFour Select Monthly Income Fund Limited (LON:SMIF) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 85.80 ($1.07) and traded as low as GBX 85.80 ($1.07). TwentyFour Select Monthly Income Fund shares last traded at GBX 86.20 ($1.08), with a volume of 569,536 shares.

TwentyFour Select Monthly Income Fund Price Performance

The firm has a market capitalization of £211.22 million and a P/E ratio of -1,080.91. The company has a fifty day moving average of GBX 85.80 and a 200 day moving average of GBX 85.14.

TwentyFour Select Monthly Income Fund (LON:SMIF) last posted its quarterly earnings data on Friday, December 13th. The company reported GBX 16 ($0.20) earnings per share for the quarter.

TwentyFour Select Monthly Income Fund Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 16th were paid a GBX 0.50 ($0.01) dividend. This represents a dividend yield of 0.58%. The ex-dividend date was Thursday, January 16th. TwentyFour Select Monthly Income Fund’s dividend payout ratio is -8,750.00%.

TwentyFour Select Monthly Income Fund Company Profile

TwentyFour Select Monthly Income Fund is a London listed closed-ended fund which is designed to take advantage of the premium returns available from “less liquid” instruments across the debt spectrum. These securities, do not offer enough liquidity for daily priced OEICs, but are well suited to a traded closed-ended vehicle, where investors can obtain liquidity via the exchange and the quarterly buyback facility that the fund offers.